Short description about the feature….
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What you will find here
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Once you are done setting up your price levels, you can apply it for the next 3 year in the Rates tab.
Rate pencils
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Close: the hotel will be closed on the selected days.
Delete: it will clear the selected days, removing all price levels applied previously.
Apply forecast: it will apply the price level that RateBoard is recommending for the selected days. To see the recommendations, click on
COMPUTE FORECAST.
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Price Levels: you can choose between the price levels set on the Price Levels tab.
All room category: if this is selected, the changes will be applied to ALL your room categories.
Clone from: it will clone the price levels applied to one room category to another.
After selecting one of the pencil options, paint the days you want to apply it to and SAVE it once you done.
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You can select the days by selecting it all at once or holding |
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Expert’s tip: If you change your price level on one or more days and want to immediately see the new rate suggestions based on this change, press |
How to apply the price levels
Select a price level from the pencil "Price Levels".
Paint the days you want to apply the selected price level.
Once you selected all the day, click save to apply it.
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If, after entering the price levels, the calendar days turn red, the calculation behind these days is not yet active. Contact your revenue manager for assistance. |
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You can select the days by selecting it all at once or holding |
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Expert’s tip: If you change your price level on one or more days and want to immediately see the new rate suggestions based on this change, press |
Behavior
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Here you can set your pricing strategy for all room category based on the primary room.
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Once you save it, you can select this date on the Price change dates dropdown. Also, the old price levels will be available for overwriting, and you will only need to apply the changes you intend to make.
How to create a new price level
To create a new price level, you need to decide from when this price level will be valid from and the prices.
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Go to the price level you want to clone.
Click
CLONE.Add a different name to your price level.
Adjust the rates.
Click
SAVE.
Demand Ranges
Set your strategic price and load it!
Create Price levels
Distribute price levels
Once you are done inserting your price levels you can move to submenu Rates.
The next step will be to apply the price levels to the calendar days to which they correspond.
Open the pencil "Price Levels" choose the right price level and paint the dates. Then, press the apply button that will appear at the bottom of the page.
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Next to the pencil "Price Levels" you find the pencil "Apply to all". If this is selected, you are applying the price level to ALL your room categories.
In case you want to apply the price level only to one category, deselect the "Apply to all" pencil, and the price level will apply only for the selected ones in the upper right corner. Look at the picture to better understand.
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The "close" pencil serves as indicator for the closing time of the hotel. To proceed select the pencil and with the mouse, highlight the days of the calendar that correspond to the closure. Finally, press the apply button.
The "delete" pencil serves to clear a period. If you select a price level for one or more days but want to clear them, select this pencil and highlight the days on the calendar.
As usual, press the apply button.
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TIP: If you change your price level on one or more days and want to immediately see the new rate suggestions based on this change, press the "COMPUTE RECOMMENDATIONS" as in the picture behind. After a couple of minutes, you can see the change in the Manage area.
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If, after entering the price levels, you find that the calendar days turn red, the calculation behind these days is not yet active. Contact your revenue manager for assistance.
Demand Ranges
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In the settings there is the possibility to calculate a demand forecast. Let's take a closer look.
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Once all the desired data has been selected, they are confirmed and accepted by clicking on "Apply" at the bottom of the page.
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Want to help us to improve RateBoard? If you have any suggestions, let us know ↗ (link to suggestions form)
